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THE 



STAVELESS 
COMPANY, 

Organized under the Laws op New York. 



Capital Stock, $500,000, 

Divided into 5,000 Shares of $100 Each 5 
1,000 SHARES RESERVED FOR WORKING CAPITAL 






OFFICE OF THE COMPANY: 

54 PINE ST., NEW^ YORK. 

--♦-'* Z^*-'^ ^<g^ 

(p U. S. A, _^^ 

HULTN & COBNWELL, STATIONERS, 334 PEARL ST 

1867. 



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Bxxatd af Ttust^jes, 



JAMES A. SMITH, 
DENISON M. EASTON, 
SAMUEL H. GROSVENOR, 
EPHRAIM C. GILMAN, 
E. M. PIERCE, 



JAMES H. CLARK, 
SAMUEL MULLIKEN, 
CHARLES B. HALL, 
EDWARD H. KELLOGG, 
J. A. STARKWEATHER. 



JAMES A. SMITH. 



JAMBS H. CLARK 



Ttjeasur^er. 
D. M. EASTON. 



SAMUEL MULLIKEN. 



SAMUEL H. GROSYENOR. 



BIRDSEYE & CROSBY. 



Banking liuusje* 
CHATHAM NATIONAL BANK, 




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PROSPECTUS 



OF THE 



Staveless Barrel and Tank Co. 



In calling the attention of the public to the 
following Prospectus, great care has been 
taken to exaggerate nothing ; but simply, in 
stating facts, to prove that at last a Package 
has been invented which has all the require- 
ments needed, and which may be considered 
perfect in all its details. 

This Company holds the patent for the manu- 
facture of absolutely tight Tanks, Cisterns, 
Hogsheads, Puncheons, Barrels, Kegs and 
Boxes. The want of such an article has long 
been felt throughout the country, but in no 
place so much as in the Oil Districts, where 
millions of gallons are annually lost through 
imperfect packages. 



10 

While, therefore, the attention of the trade 
generally is called to this Barrel, especial re- 
ference will be made to this large and exten- 
sive interest, which is increasing daily, and 
which has become one of om- leading somxes 
of national wealth, adding, as it does enor- 
mously, to om^ immense revenues. 

This Barrel is made of thin veneer, or scale 
boards, one-thirtieth of an inch in thickness, 
cut or shaved out of boards or timber of any 
description. First, a circle or layer of this 
veneer is put in place, closely jointed, and 
running spirally from end to end ; over this is 
firmly glued or cemented another layer, another 
over that, until the desired thickness is at- 
tained; the seams in each successive layer 
crossing those of the next to it, in an opposite 
direction; this forms the body of the Barrel or 
Package — an ordinary Oil Barrel requiring 
about thirteen layers. The heads are made of 
the same material, transversely laid and ce- 
mented, and are set in their place without 
beveled chime or groove, and perfectly secure 
and air-tight, so that when completed, the 
Barrel has the solidity of a block of wood, and 
yet possesses a flexibility which will enable it 
to undergo, without the slightest damage, treat- 
ment that would ruin an ordinary Barrel. The 
inner layers being laid in cement, water will 
not act on them. It will thus be seen that this 
Barrel, in addition to its extraordinary strength, 



11 

is absolutely air, as well as water-tight, and 
that it is impossible for any fluid to escape 
either by leakage or evaporation. The annual 
loss of Oil alone, by leakage, throughout the 
country, is incredible, and at a low estimate 
may be computed at three and one-half millions 
of dollars. 

- This enormous loss may be saved by the 
use of this barrel, and Alcohol, Oil, Naptha, 
Spirits Turpentine, Gasoline, Yarnish and other 
liquids, can be shipped to all parts of the 
world, in the original Package, and there will 
not only be no leakage, but no noxious or ex- 
plosive vapors will arise. An immense sav- 
ing in insurance, labor and tins will thus be 
effected. 

This Barrel, being in the form of a cylinder, 
is more easily handled, and occupies much less 
room than an ordinary Package of the same 
capacity; hence, there is a great saving in 
freight, and little or no dunnage is required, 
either on shipboard or in store. 

The novel and peculiar construction of this 
Package, renders it the strongest ever invented, 
while the great expense of cooperage is avoid- 
ed, no hoops being required, except to protect 
the outside. The scientific principles adopted 
in the construction of this Package is such — 
each layer and portion being firmly cemented 
to its neighbor — that it is impossible for the 
Barrel to shrink, and that it can be left in the 



12 

open air, and be subject to the most inclement 
weather, without fear of injury from exposure. 

Though this Barrel is the neatest as well as 
the most serviceable ever used, yet it can be 
manufactured at less cost than the ordinary 
Barrel, and is the cheapest to be found. This 
may seem incredible, but the labor and mate- 
rial required are comparatively cheap, as any 
kind of wood can be used, in any part of the 
country where they are manufactured. 

And, while on this point, it may be men- 
tioned that this Company holds the exclusive 
right to the use of a machine for the manufac- 
ture of Scale Boards for Barrels. This machine, 
simple in its construction, was invented by 
Mr. J. K. Mayo, who is also the Patentee of 
the Barrel, and is the result of years of appli- 
cation and study; this gentleman visiting 
Europe for the sole purpose of improving and 
perfecting his machine. It can be furnished 
the manufacturer at less than $1,000, and will 
cut from the log any kind of wood, at the rate 
of 50,000 feet (thirty to the inch) , per day. 
This quantity of Scale Board will make 150 
Barrels ; in which the cheap labor of boys may 
be principally used. It will thus be seen that 
about $5,000 will be ample for a manufactory 
capable of turning out 150 Barrels per day, and 
should parties wish to avoid the expense of 
a machine. Scale Boards can be furnished at a 
small advance over ordinary timber. It may be 



13 

mentioned that a machine is abeady in the 
Provinces, and that the Company will soon be 
in a position to furnish parties with boards. 

Though many other advantages might be 
enumerated in favor of this Package, yet these 
are sufficient to prove that a Barrel has been 
invented which combines the essential charac- 
teristics of absolute tightness^ cheapness, and 
great strength, qualities enough to recommend 
it to all interested. 

Many purposes for which these Hermetical 
Packages can be used, will at once suggest 
themselves. 

Being absolutely water, as well as air-tight, 
they can, either in the form of Barrels, Kegs, 
or Boxes, be used for Fluids of all kinds, and 
will be found invaluable for Dessicated Meats, 
Vegetables, Butter, Lard, &c., while it is 
thought they will come into general use for 
Gun Powder, Nitro Glycerine and all explosive 
agents. 

In fact, it is needless to enlarge on this 
point, the field is so extensive. It may be 
mentioned in connexion with the manufactory 
of Barrels, Boxes and Kegs, that the Company's 
patent also covers that of Tanks, Cisterns, 
Hogsheads and Puncheons, of any size and 
thickness, the same principle being used as in 
making small packages. 

This Company, in addition to its factory, 
proposes selling Franchises for Towns, Cities, 



14 

Counties and States, as well as to derive a 
revenue from its Royalties, and it is certain 
that ere long no other Barrel will be used. It 
may be added that the demand for Packages 
for foreign shipment of Petroleum alone, is 
enormous, being over six million dollars in 
value for the past year. 

Based on the low estimate of 10,000 Barrels 
required daily for Petroleum, and leaving out 
the immense wants of the trade for Turpentine, 
Alcohol, Yarnish, &c., it will be seen that the 
revenue of this Company will be very large 
from the receipt of Royalties, aside from the 
sale of Franchises. 

A limited number of Shares of the Working 
Capital of the Company are offered for sale. 

The attention of all interested is called to 
this barrel, various samples of which may be 
seen at the office of the Company, 54: Pine 
Street, together with the materials used in its 
construction, and where full details will be 
given. The Company's factory will soon be 
in working order, at 

73 ^W^ater Street, Brooklyn, 

WHERE BARRELS CAN BE PURCHASED. 

PD 95. 



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